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POSITIONED FOR DISCOVERY IN
AUSTRALIA’S EXPLORATION HOT-SPOTS
Investor Presentation
JULY 2020
ASX : DEV
Important Information
❑ Forward Looking Statements
This Presentation may include statements that could be deemed “forward-looking statements”. Although the Company believes the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those expected in the forward-looking statements or not
take place at all.
❑ No offer to sell or invitation to buy
This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securities in DevEx Resources Limited, and no part of this Presentation forms the
basis of any contract or commitment whatsoever with any person. DevEx Resources Limited does not accept any liability to any person in relation to the distribution or possession of this Presentation from
or in any jurisdiction.
❑ Disclaimer
Whilst care has been exercised in preparing and presenting this Presentation, to the maximum extent permitted by law, DevEx Resources Limited and its representatives:
▪ make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation;
▪ accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and
▪ accept no responsibility for any errors or omissions from this Presentation.
❑ Competent Person Statement
The information in this Presentation that relates to Exploration Results for the Basin Creek Project are extracted from the ASX announcement titled “New strong gold anomalies prioritised for upcoming drill
program at the Basin Creek Project, NSW” released on 23rd June 2020 and “Extensive zone of gold in rockchips identified at the Basin Creek Copper-Gold Project, NSW” released on 14th April 2020 and
“More strong gold rock chip results over a +4km strike length at the Basin Creek Copper-Gold Project, NSW” released on 6th May 2020, all of which are available on www.devexresources.com.au.
The information in this Presentation that relates to Exploration Results for the Junee Project are extracted from the ASX announcement titled “Geophysics upgrades priority drill targets at Junee Copper-
Gold Project, NSW, as new drill programme commences” released on 3rd March 2020, “New copper and gold mineralisation supports potential for large-scale porphyry system at Junee, NSW” released on
11th September 2019 and “DevEx Further Expands Potential of Junee Copper-Gold Project, NSW with Identification of Additional Porphyry Targets” released on the 5th March 2019 and “Porphyry Copper-
Gold Targets Identified at Junee Project, Lachlan Fold Belt, NSW” released on the 24th January 2018, all of which are available on www.devexresources.com.au.
The information in this Presentation that relates to Exploration Results for the Julimar Applications are extracted from the ASX announcement titled “DevEx applies for exploration licences in new Julimar
Nickel-Copper-PGE region, WA” released on 20th April 2020 and “DevEx expands position in Julimar Nickel-Copper-PGE region with strategic farm-in agreement” released on 1st June 2020, all of which are
available on www.devexresources.com.au.
The information in this Presentation that relates to Exploration Results for the West Arnhem-Nabarlek Project are extracted from the ASX announcement titled “Technical review recognises strong
similarities between U40 prospect and the Coronation Hill U-Au-PGE deposit” released on 9th May 2019 which is available on www.devexresources.com.au.
The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant original market announcement.
❑ Exploration by Other Explorers
This Presentation contains information sourced from the reports of Other Explorers. References to the original reports are provided as footnotes where the information is cited in this Presentation. The
Company does not vouch for the accuracy of these reports. The Company has taken the decision to include this information as it is in the public domain and has assessed it to be of relevance to
shareholders and investors.2
Julimar Intrusive Complex, WA (Earn-In & 100% owned)
3
• Exploring two exciting addresses in Lachlan Fold Belt NSW and Julimar Region WA
• An aggressive explorer positioned amongst major explorers - upside potential with
market cap of just $27M and $6.95M cash balance.
• Highly motivated team – Chairman Tim Goyder is the largest Shareholder (19%),
with a track record of building successful companies through exploration discovery.
Highly prospective
ground in Australia’s
exploration hot-spots
• New wave of explorers hunting for the next Cadia-Ridgeway (Newcrest Mining) and
Northparkes (China Molybdenum Co Ltd), sparking significant interest in the region.
• DevEx has built a large +600km2 (100% owned) ground holding.
• Basin Creek: Extensive gold mineralisation and alteration at surface
• Junee: Shallow porphyry copper gold targets supported by geophysics
• Rapidly advancing to drilling at Basin Creek and Junee in August 2020
• New palladium-nickel discovery by Chalice Gold Mines has demonstrated enormous
potential for the region.
• DevEx has secured strategic ground with potential to host similar Ni-Cu-PGE
intrusions.
• Exploration underway at the Sovereign Ni-Cu-PGE Project following new earn-in
agreement.
Leveraged for Discovery Success
Lachlan Fold Belt, NSW (100% owned)
PERTH
Basin Creek &
Junee Projects
SYDNEY
Sovereign
Project
West Arnhem-
Nabarlek Project
1 Capital Raise: $4.75 million tranche 1 placement capital raising complete. Tranche 2 placement to Directors to raise $0.81m (subject to shareholder approval).
See ASX : DEV Announcement 16th July. 2Current cash balance as at 30th June 2020, plus funds received from Tranche 1 placement. Amounts and numbers have been rounded.
Major Shareholders
Tim Goyder (Chairman) 19%
Top 20 41%
Board & Management
Tim Goyder Chairman
Brendan Bradley Managing Director
Bryn Jones Non Exec. Director
Richard Hacker Non Exec. Director
Kym Verheyen Company Secretary
Corporate Overview: Well funded following recent $5.5M capital raise1
4
Capital Structure
Shares 237.9M
Options 14.9M
Market Cap $27M (at 11.5c)
Cash2 $6.95M
Assets PhosEnergy Limited (8.8%):
5.1M Shares
NON-EXECUTIVE
DIRECTOR
Bryn Jones
Led by a proven team –
invested and highly motivated…
NON-EXECUTIVE
DIRECTOR
Brendan BradleyMANAGING DIRECTOR
• Geologist for 25+ years.
• Extensive experience in
exploration and
development of epithermal
gold deposits.
• Highly experienced in
intrusive related nickel-
copper-PGE deposits.
• Senior management at
Perilya Ltd, Dominion
Mining Ltd and Kingsgate
Consol. Ltd.
Tim GoyderCHAIRMAN
• Mining investor with a
strong track record of
successful investment and
value creation.
• Executive Chairman of
Chalice Gold Mines Ltd
and Chairman of Liontown
Resources Ltd.
• Former Director of Strike
Energy Ltd. • Chartered Accountant (ICAA) and Chartered
Secretary
• 20+ years corporate and commercial
experience in the energy and resources
sector.
• Executive for Liontown Resources Ltd &
Chalice Gold Mines Ltd.
• Industrial Chemist with extensive experience
in the uranium industry.
• Experienced in the technical evaluation,
construction and operation of projects in
various commodities.
• Technical Director of Boss Resources Ltd,
Director of Salt Lake Potash Ltd and MD of
PhosEnergy Ltd.
Chris Torrey
CHIEF GEOLOGIST
NSW
Supported by an experienced
technical team and board
• 35+ years experience.
• Extensive experience in epithermal gold and
porphyry copper-gold exploration and
development in the Lachlan Fold Belt and
abroad.
• Former senior management with Golden Cross
Resources Ltd, Silver City Minerals Ltd and
Cyprus Minerals Corp.
5
Applying modern exploration
techniques to find quality targets
Richard Hacker
Lachlan Fold Belt
Gold, Copper-Gold
ProjectsNEW SOUTH WALES
Large scale gold and copper-gold potential, tightly held by major miners
Drilling to commence early Q3 2020
Basin Creek &
Junee Projects
Basin Creek &
Junee Projects
SYDNEY
7
Lachlan Fold Belt Region:
DevEx has built a sizeable portfolio amongst mining majors
1
• Significant rerating of the region following 2017 government mapping project recognised
rocks as the southern extension of the Junee-Narromine Belt
• No previous drilling within a globally-recognised copper-gold region for decades
• DevEx has built a large, +600km2 100%-owned ground holding:
A world-class gold, copper-gold Belt
Newmont Goldcorp Exploration Pty Ltd | Freeport-McMoran Exploration Australia Pty Ltd
| Evolution Mining Ltd | Sandfire Resources NL | St Barbara Limited
2 Major explorers within the Junee-Narromine Volcanic Belt
DevEx – Fresh exploration on underexplored ground
| Junee Copper-Gold Project
| Basin Creek Gold Project (recently granted tenure)
3
See ASX : DEV Announcement 5th March 2019 and 11th September 2019. See Slide 23 for References.
Host to Cadia-Ridgeway (Newcrest Mining) and Northparkes (China Molybdenum Co Ltd) as
well as several largescale gold deposits including Cowal Gold Mine (Evolution Mining Ltd) and
McPhillamys Gold deposit (Regis Resources Limited)
Basin Creek Project: Gold system defined over +4km strike length
8See ASX : DEV Announcement 23rd June 2020.
• Current exploration activities focused on Main
Ridge Gold Prospect, within the Basin Creek
Project.
• Extensive gold system defined at surface over
+4km strike with recent rock chips up to
8.0g/t gold – Targets have scale
• Close association of gold with widespread
silica, sericite, clay and potassic (adularia)
alteration - indicative of a epithermal or high
level porphyry gold system.
• No drilling for decades.
RC and Diamond Drilling to commence in
early August 2020
Main Ridge (Northern Target) : Defining high priority drill targets
9
• Significant cluster of >1g/t gold in rock chips over
several hundred metres in northern Main Ridge Prospect.
• Northern Priority Target : 1km long drill target defined by
extensive alteration and associated rock chip and soil
geochemistry.
• Drilling by Shell (1986) intersected significant gold
mineralisation within silicified porphyry including - 33m @
0.5g/t gold from 19 metres – this intercept is open in all
directions.
• Drilling planned to test multiple targets at Main Ridge with
a priority focus to test beneath the cluster of >1g/t gold in
rock chips in the north.
See ASX : DEV Announcements 23rd June 2020, 14th April 2020 and 6th May 2020.
Junee Copper-Gold Project: 60Km NE of Basin Creek Project, NSW
10
Major explorers within the Junee-Narromine Volcanic Belt
Newmont Goldcorp Exploration Pty Ltd | Freeport-McMoran
Exploration Australia Pty Ltd | Evolution Mining Ltd | Sandfire
Resources NL | St Barbara Limited
Basin Creek &
Junee Projects
SYDNEY
See Slide 23 for References.
11
• 2017: Re-rating with Government mapping identifying
porphyry monzonite intrusions contemporaneous with the
Cu-Au bearing Northparkes and Cadia Ridgeway porphyry
intrusions.
• +20km of prospective strike.
• 2020: DevEx’s maiden exploration has identified several
porphyry Cu-Au targets.
See ASX : DEV Announcement 3rd March 2020.
DRILL READY TARGETS:
• Riversdale North: coincident IP anomaly underlying
oxidised copper mineralisation and porphyry type
alteration.
• Billabong Creek: distinctive magnetic low with
associated IP anomaly and broad scale alteration.
• Nangus Road: prospective corridor south of Cooba
Monzonite with close magnetic similarities. New Frontiers
Cooperative Drilling Grant awarded by NSW Government
to drill Nangus Road target.
Junee Project: Underexplored with no exploration drilling for +25 years
Riversdale North Prospect
• 2019 assays and mapping identified oxidised copper
associated with epidote veins and alteration, including a
gold + base metal gossan assaying 2.81g/t Au, 0.4% Cu
and 1.3% Pb.
• 2020 a new, chargeability Induced Polarisation (IP)
anomaly identified directly beneath this area.
1
12
• 2019 Mapping identified small occurrences of oxidised
chalcopyrite (copper sulphide)-bearing breccia (rock chips
ranging from 0.2% to 0.5% copper) immediately to NW and
adjacent to a small quartz monzonite and diorite porphyry rocks.
• 2020 A large 800m long chargeability IP anomaly identified
on the eastern side of the magnetic/gravity low.
Billabong Creek Prospect2
Billabong Creek
IP Chargeability
Junee Project: Exploration ramps up in 2020
Underlying image of Region RTP MagneticsSee ASX : DEV Announcement 3rd March 2020.
Riversdale North Prospect
• Coincident IP chargeability anomaly near surface
and directly beneath surface occurrences of
scattered oxidised copper and gold mineralisation
amongst porphyry type alteration.
1
13
• 800m long IP chargeability anomaly shows close
association with coincident magnetic low, which is
flanked by silica-magnetite-haematite altered rocks.
Billabong Creek Prospect2
Billabong Creek
Magnetic AnomalyRC and Diamond drilling
planned for August 2020
13See ASX : DEV Announcement 3rd March 2020.
Billabong Creek
IP Chargeability
Target
Riversdale North
IP Chargeability
Target
Small Gossan sub-crop
Rockchip – 2.81g/t Au, 0.4% Cu
and 1.32% Pb
Scattered Epidote and Oxidised
Copper Veins in Volcanics
Maximum Rockchip 1.3% Cu
Proposed Drilling
Proposed Drilling
Julimar Complex
Nickel-Copper-PGE WESTERN AUSTRALIA
Developing a strategic position within a new exploration hot spot
Targeting magmatic palladium-nickel-copper deposits
PERTH
Sovereign Project &
Julimar Applications
Julimar Complex: New ground in a new nickel-copper-PGE region
• Recent high-grade palladium and associated nickel-
copper-platinum group elements (Ni-Cu-PGE) discovery
by Chalice Gold Mines Limited (ASX:CHN) has kicked off
an exploration boom in the region.
• DevEx has secured a strategic +620km2 position:
1. Exploration Licence Applications (100% DEV) overlying
several magnetic targets considered prospective for
magmatic Ni-Cu-PGE.
2. New Earn-In Agreement with Australian Silica Quartz
Group Ltd (ASQ), to earn 50% in the mineral and metal
rights (excluding bauxite) on the ASQ tenement.
• Underexplored: The Julimar Complex has seen minimal
exploration for magmatic Ni-Cu-PGE mineralisation in the
past.
See DEV ASX: 20th April 2020 and 1st June 2020. See Slide 23 for References. 15
Sovereign Nickel-Copper-PGE Project : Commenced field exploration
• New Earn-In-Agreement secures the Sovereign magnetic
anomaly, which extends over both the ASQ Tenement and
DevEx’s neighbouring Application.
• The Sovereign Project is located between the Chalice discovery
and Yarawindah Brook Ni-Cu-PGE Project (Cassini Resources;
ASX: CZI).
• Regional state geology map interprets the Sovereign magnetic
anomaly as part of a mafic-ultramafic igneous complex similar to
rocks hosting Chalice’s new discovery.
• Existing land access and exploration agreements allow DevEx to
commence immediate exploration over the ASQ Tenement.
• Field mapping, surface geochemistry commenced
• Ground geophysics planned in Q3
• Designed to fast track drill target definition.
See DEV ASX: 20th April 2020 and 1st June 2020. See Slide 23 for References. 16
17
2020+ Forward Plan...
• 4km surface gold system identified at Main Ridge Prospect
• Rock chips and soil geochemistry have defined several extensive surface
gold anomalies
• RC and Diamond Drilling planned for Q3 2020 : Drilling prioritised towards
surface gold hot spots within the 4km system
• Indicative drill programme of 8 to 14 holes planned
Basin Creek Gold Project
Sovereign Nickel-Copper-PGE Project
• On-ground exploration commenced at Sovereign Project
• Review of data underway to define priority areas for future field exploration
• Progress Applications to grant and advance Land Access over coming months
• Objective to generate drill targets in Q4 2020
Junee Copper-Gold Project
• Reverse Circulation and Diamond Drilling at Riverside North, Nangus Road
and Billabong Creek Prospects planned for Q3 2020
• Indicative drill programme of 6 holes to test targets
2020 Jul Aug Sept Oct Nov Dec 2021
Basin Creek Project, NSW
• Surface soil geochemistry (central and southern area)
• Drilling Programme
Junee Project, NSW
• Drilling Programme
Sovereign Project, Julimar Complex, WA
• Field mapping, review of previous bauxite drilling and
surface geochemistry
• Ground geophysics (magnetics and electromagnetics)
• Prioritsation of targets within Application
• Granting of Sovereign Application and achieving access
to explore
• Drilling Program (Sovereign Project)
Next Steps: Planned timeline to drill
RC and Diamond Drilling
RC and Diamond Drilling
18Proposed timeline – dates and activity are indicative and subject to external factors such as regulatory approvals, land access and upcoming exploration results.
RC and AC Drilling
Contact DetailsLevel 2, 1292 Hay Street
West Perth WA 6005, Australia
+61 8 9322 3990
+61 8 9322 5800
www.devexresources.com.au
https://twitter.com/DevExResources
https://www.linkedin.com/company/devex-resources/
Investor Relations
Read Corporate
Nicholas Read
+61 8 9388 1474
AppendixOther Projects
20
West Arnhem Nabarlek Uranium, Copper-Gold ProjectNORTHERN TERRITORY
High-grade uranium-copper-gold opportunity in a proven Uranium system
One of few ASX companies drilling for high-grade uranium
Exploring in Australia’s high grade uranium province
The Alligator Rivers Uranium Province (ARUP)
• +500 Million Pounds U3O8 endowment (mined and current Resources)
• Comparable to the Athabasca Basin, Saskatchewan (+1.2Blb U3O8)
• Significant potential exists for Gold-PGE Copper deposits
DevEx’s Tenure
• DevEx holds a dominant ground position of +5000km2
• Centered on the historical high grade Nabarlek Uranium Mine - Australia’s
highest grade uranium mine - 24 Mlbs @ 1.84% U3O81
• Agreements with Traditional Owners already in place
(1 mineral lease and 3 granted exploration licences)
221. Australia’s Uranium resources, geology and development of deposits, AGSO 2007 2. DEV ASX Announcement – 9th May 2019
Recent drilling intersects uranium mineralisation
beneath the historical Nabarlek Open Pit and at
U40 opening up new discovery opportunities
Additional References
Basin Creek & Junee Projects – Slide 7 and 10:
1: Alkane Resource Ltd ASX Announcement 9th September 2019.
2: Sky Metals Ltd ASX Announcement 10th February 2020.
3: GSNSW East Riverina Mapping Project - Some Highlights and Implications, Eastlake and Trigg.
Julimar Complex - Slide 15 and 16:
1: Chalice Gold Mines Limited (ASX:CHN) ASX announcement “High-Grade Ni-Cu-Pd Sulphide Intersected at Julimar” on 23rd March 2020 and “High-grade Ni-Cu-PGEs
confirmed in discovery zone at Julimar” on 25th May 2020.
2: Cassini Resources Limited (ASX:CZI) ASX announcement “Drilling Commencing at Yarrawindah Ni-Cu-PGE Project” on 28th May 2020.
3: Harrison (1984) The mineral potential of layered igneous complexes within the Western Gneiss Terrain. In: Professional papers for 1984 of the Geol Surv of W.A. 19. Gov
Printing Office, Perth, pp 37–54.
4: Korsch, R.J., Doublier, M.P., 2015. Major Crustal Boundaries of Australia [Digital Dataset]. Geoscience Australia,Commonwealth of Australia, Canberra.
5: 1:500,000 State interpreted bedrock geology of Western Australia, 2016 - based on material obtained from the Department
of Mines, Industry Regulation and Safety - https://catalogue.data.wa.gov.au/dataset/1-500-000-state-interpreted-bedrockgeology-dmirs-016 and is subject to the Creative
Commons Attribution Non-Commercial 4.0 International Public License.
23